The presidency of Andrew Jackson and the Bank War Research Paper

The presidency of Andrew Jackson and the Bank War - look into Paper ExampleHowever, renewal of character could still be possible after the then sure charter could expire in the year 1836. Thus to prevent this he rolled out a strategy that was aimed at crippling the rim economically. While acting against the advice of the Congress and cabinet members, President Andrew replaced broad Secretaries to the Treasury and ordered that federal funds should be deposited into other banks other than the second bank of the unify States.Following the presidents directive, the second banks president made a counterattack in the economy to let people feel the need for the second Bank of America. By so doing, Nicholas Biddle the central bank president created a financial crisis that led to heated debate in the Congress, the sign on and the public. Businessmen being the most affecting, protested, asking the president and the banks management to end the bank war (Rothbard, 510). After people had l earned of the dangers of the central bank, there were minimal needs for the renewal of the charter, so leading to its closer in the year 1836 which was a victory for President Andrew